OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Block, Inc. (SQ) on Thursday reported fourth-quarter net income of $178.1 million.
The Oakland, California-based company said it had net income of 28 cents per share. Earnings, adjusted for one-time gains and costs, were 45 cents per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The mobile payments services provider posted revenue of $5.77 billion in the period, topping Street forecasts. Twelve analysts surveyed by Zacks expected $5.69 billion.
For the year, the company reported profit of $9.8 million, or 2 cents per share. Revenue was reported as $21.92 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQ at https://www.zacks.com/ap/SQ